wazua Sat, May 2, 2026
Welcome Guest Search | Active Topics | Log In

3 Pages<123>
KSh 1.155 Trillion budget
hisah
#11 Posted : Saturday, June 04, 2011 12:45:02 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
How to raise this money? Dwindling revenues.
What happens to the widening national debt?
What does it do to the ksh?
What about inflation? Supply side or not...

I'm happy some people are now awakening and demanding to know what is in the budget & what goes where & why. If the whole world was to demand the same, the global economy would be a paradise instead of a ponzi smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
sparkly
#12 Posted : Saturday, June 04, 2011 4:24:16 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
hisah wrote:
How to raise this money? Dwindling revenues.
What happens to the widening national debt?
What does it do to the ksh?
What about inflation? Supply side or not...

I'm happy some people are now awakening and demanding to know what is in the budget & what goes where & why. If the whole world was to demand the same, the global economy would be a paradise instead of a ponzi smile

Mmmh good questions. Tax revenues hardly more than 600B. No parastatals to sell, west (and east) with problems of their own, donors not a reliable source.

Prepare for the biggest gov borrowings of all times. Interest rates to rise, banks to go back to TBs, ignoring enterprise and consumer lending.
Life is short. Live passionately.
mukiha
#13 Posted : Saturday, June 04, 2011 9:34:20 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
simonkabz wrote:
Roads 100B. Wish the sector got a larger allocation.

It depends on what they asked for... treasury doesn't make "blanket" allocation in the NGO-style of "here is some cash, go figure out what you can do with it"

It operates more like: "tell us what you plane to do the coming year and how much it will cost; then we will figure out where to get the cash from"

What Uhuru preesented are the spending estimates as requested by the various ministries.... the budget speech will mainly highlight how he plans to raise the money.

Nevertheless, what would Roads Dept do with more than 100b in 12 months. Their biggest project at the moment is the Thika Superhighway. Total cost of this is 26b, to be spent over three years... about 8b per year. So with 100b this year, they can be engaged in in 12 thika-road sized projects at one go!!
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Lolest!
#14 Posted : Saturday, June 04, 2011 10:13:41 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Wendz wrote:
What's the outcome of the ruling trying to stop him from reading the budget? the hearing was today.

Can the court really stop uhuru from reading the budget? Can the judiciary stop parliament? Only Marende can stop him. But since Raila is for the budget Marende too must be for it and must be currently formulating a favorable ruling.
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
Scubidu
#15 Posted : Sunday, June 05, 2011 12:12:39 PM
Rank: Veteran

Joined: 9/4/2009
Posts: 700
Location: Nairobi
sparkly wrote:
hisah wrote:
How to raise this money? Dwindling revenues.
What happens to the widening national debt?
What does it do to the ksh?
What about inflation? Supply side or not...

I'm happy some people are now awakening and demanding to know what is in the budget & what goes where & why. If the whole world was to demand the same, the global economy would be a paradise instead of a ponzi smile

Mmmh good questions. Tax revenues hardly more than 600B. No parastatals to sell, west (and east) with problems of their own, donors not a reliable source.

Prepare for the biggest gov borrowings of all times. Interest rates to rise, banks to go back to TBs, ignoring enterprise and consumer lending.


hopefully, kra will be able to institute tax reforms fast enough to grow revenues, but pretty much everything else kes, debt and inflation should worsen.

i think to fund the deficit they'll need to borrow more externally ... parliament has already allowed them to borrow up to 800 bn in external debt, but i don't think IMF will allow this (so they can secure debt repayment for there programs).

This financial year, ministries overspent on salaries (as well as defense spending) and pretty much underspent on everything else ... if this trend continues then we're simply digging a deeper hole.
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
QW25071985
#16 Posted : Sunday, June 05, 2011 7:29:55 PM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
Quite shocking !!!!!!!!!!!!!!!!!!!!!!!!!

http://www.bloomberg.com...l-bank-buys-dollars.html
trizher
#17 Posted : Monday, June 06, 2011 9:22:33 AM
Rank: New-farer

Joined: 5/23/2010
Posts: 95
Location: Tikrit - IRAQ
Wonderful numbers.....if we get a more responsible government tunapita singapore zooooom!!!
...We do it for the $$$$!!
kangi
#18 Posted : Monday, June 06, 2011 10:40:59 AM
Rank: Member

Joined: 7/23/2009
Posts: 526
simonkabz wrote:
Roads 100B. Wish the sector got a larger allocation.


The allocation is way much bigger than the capacity available, probably the allocation is meant to pay for the contracts already underway.At the moment contractors are overstretched in terms of contracts. From CDF, and other non Roads ministry undertakings this monies will eventually be returned to Treasury.
Accept no one's definition of your life; define your life.
mjuaji wa stocks
#19 Posted : Monday, June 06, 2011 11:04:06 AM
Rank: Member

Joined: 1/16/2010
Posts: 672
Location: nairobi
1. Ponzi scheme - U.S style


2. Conspiracy


3. Impunity


4. Stealing - via over taxation!!!

Unworkable in real sense!
God gave me the power to make wealth ... Blessed the work of my hands & enabled be A SELF MADE BILLIONAIRE ...... TO GOD THE FATHER OF MY LORD JESUS CHRIST; BE THE GLORY NOW & FOREVER MORE!

Lolest!
#20 Posted : Monday, June 06, 2011 2:40:38 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Some guys at KRA will make it hard to improve collection. Servers are conveniently switched off to allow for fraud.
http://www.nation.co.ke/...10/-/4bvxgl/-/index.html
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
3 Pages<123>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Copyright © 2026 Wazua.co.ke. All Rights Reserved.